At a glance : FCPO perfomance and vol

FCPO prices rose +57% in 2009.

FCPO vol up 33% in 2009. BMD ttl vol of 6,135,107 in 2009 -0.3% lower. FCPO contributed 65%.

At a glance : FKLI 2009's Q's Price/Vol & Mthly Vol

Fkli 2009 total vol fell 32% from 2008 with foreign players participations seen down 50%.

Mthly vol from 2004 to 2009.

At a glance : Asian index in 2009......%

FKLI : morning gossip...68-75

DJ +3 small gains but best finish year to date.

8.15 : Dj futs +5. NK clsd for "yoi yoi otoshi o..." holiday. Kos +0.5%

Can the mkt recover back some of yesterday losses to go near 80 or just hanging around 70 ? Latter..i guess. Mkt is expected to go soft in early trades till fresh lead from HS.

Above 70, is intra day buy tone.

MarketWrap : profit taking...after recent 20p gains

Despite a firm regional , except NK on JAL issue, profit taking dominant after a lack of fresh highs in early trade. Losses limited near round figure of 70. Trading was thin - around 2500 lots in the outright.

Today losses yet to affect the mkt uptrend outlook- still considered a healthy pullback. But a closing above 80 looks slim with only one more trading day to go...before 2010. Still, the mkt is expected to finish the year with an uptrend mode.

FKLI : morning gossip...

DJ -1 point, ending a 6-day winning streak.

8.25 : DJ futs -1. Regional flat, firm.

No major upside is expected today at least not in the early trade. But Fkli is seen taking a +ve tone and steady within 75-80 range trading.

Below 75, is intra-day sell, targeting 70-75 range. No strong fresh buy signal as upside is seen capped near 80.

MarketWrap: going strong.. follow through

Strong across the board on year-end push/bargain? and commodities stock. Fbm mostly sluggish but stable despite HS volatile swing (HS ends +19). Preclosing Fbm push again, +3p. Fkli saw short covering in the afternoon especially Dec.

Technically strong – just short of bullish as still below 86. Attempt is seen to break this resistance first. Maybe no more breakout this year as profit take expected…but potentially bullish for 2010 start. Note that SMAs are curving upwards.

Are we targeting 1314.5-1348 wide gap made in late Feb2008 in the near term? Highly likely.

MarketWrap : strong mkts ahead of Xmas

Most products ends higher ahead of Xmas holiday.

Fkli see thin vol….only about 20% of ttl vol changed hands in the outright mkt. The rest roll…long rolls dominant.

fkli is likely to go higher to test major resistance lvls - 70++ and attempt for a breakout higher first.

Merry Xmas.......60 can hold ?

DJ +1.

8.20 : DJ futs -1. Regional firm, NK catching up +1%. Kospi +0.3%. Commodities quiet. Dollar off high.

Looks like a ranging and steady day between 60-65. Fbm is unlikely to distant far from 60, 57-63 range.

MarketWrap : at week high..on Europe n buystops

Mkt finally take leads from Europe mkt, the top performer this week. Fbm rose above 60 after another sluggish start. Fbm move was aggravated by buystops at 61.5, 63.0 and 65.0. I think all together about 800 lots. A wake up call after a long sleep.

Fkli ends a 3-day losing streak and at week high. Technically, +ve sign emerging, 7SMA crossing above 14SMA. This could lead to more +ve move in the coming days – to reverse current sideways to a higher mkt tone. If there would be a strong mkt in Jan10, this could be the starting point.

Bears should really watch out if 7SMA can cross above 30SMA ( green line ) or a finish above 70. These two scenario are bullish sign.

FKLI : morning gossip...56-63

DJ +50 on strong houisng sales data.

8.20 : DK futs Nk clsed for holidays/ Kos firm

Can fkli push itself back up to 60 and reverse a 3-day losing streak. ?

Above 56 is a buy today. Sideways is here to stay.....

MarketWrap : -ve tone growing slowly....

External fails to cheer up our mkt. HS/DJ futs/Europe strength fails to ignite buying interest. Technical weakness takes centre stage. As fbm struggle near 60 after a sell off late yesterday. Another quiet day ...below 3000 lot for 5-day in a row.

No material development...still a weak but sideways mkt within mid point of 50-70 range trading..so far no clear winner yet...but bears has the upper hand a so far this week.

FKLI : morning gossip...60-65

DJ +85, investors cheered a combination of Alcoa's upgrades and corporate deal-making, and heath care.

8.20 : DJ futs +14. Regional near +1%. Dollar strong. Commodities weak. +1% to -1% moves across the board. Quiet

Fkli is seen taking the familiar range of 60-65 as fbm is expeced to bounce back towards 60++. At best the fkli would reverse Fri's and yesterday's negative while dw risk remains great today.

Above 59, intra day buy.

MarketWrap : HLB and CIMB got whack....

Fbm lost 7p in preclosing stage after steady near 62 for most of the day. HLB clsd down -5% Cimb dw 2%. This jolted fkli from its sleep, selling towards 57.5 but managed to recover near 60 on anticipation that fbm will recover back to 60 first tomorrow.

Technically, not much, negative tone continues , below 60. but still range bound market. Bulls can only cheer if fkli recovers 65. otherwise, keeping my fingers cross.

US data week ahead...Merry Xmas!!!

Last week saw Greece credit rating downgraded > DJ 100-losses on Thu and a strong dollar. Otherwise generally a firm mkt.

Hopefully no further downgradind this week..after all its holiday season...time to joy!


Tue : 3Q GDP final revision ( est +2.7%), Nov existing home sales

Wed: Nov's personal income ( est +0.5) and spending ( est flat)

Thu : half day

Fri : Xmas holiday

MarketWrap : missed 70 but weekly positive ..

70 did not materialize with –1% external factors. Firm AM but PM slip as regional extends losses. A small relief for bears of see today’s candle. Still, it was weekly +ve, above 7SMA so I dont think we have seen the end of 70 yet. but a lot of push and pull.

FKli below 65 is trading sell and upside seen limited unless fbm secure 70. so at mom ..the mood is negative.

FKLI : morning gossip...64-68

DJ -10, muted to Fed decision to keep rate near zero

8.20 : DJ futs -4. Regional firm, NK +40. Commodities strong.

While short of breaking 70 for start, fkli is seen firm near 65 for the day. .hoping for HS gains.

Intra-day sell if fbm below 70 and fkli below 67.

Marketwrap: inching higher..near short term resistance

Steady on technical support amid mixed external factors, weak Asian, firm Europe. Quiet and not much move, crawling higher, aiming to finish above 70 this week.

Mkt is in “breaking resistance” mode. Above 70 is potentially bullish as it could ignite a re-run towards 1300 by year-end. Bear last defence is seen at 76 and really watch out if 7SMA crosses above….till then still range bound but upward bias.

Support is raised to 60 from 50.

FKLI : morning gossip....63-67

DJ -50 Bank shares led a late-session selloff Tuesday, breaking Wall Street's four-session win streak, as investors mulled mixed reports on inflation and manufacturing

8.10 : DJ futs +2. REgional firm. Kos +1p. Nk +1% tracking a -1% in yen against the dollar. Commodities firm +1% as dollar weakens.

Fkli is likely to hold firm today near 65 but unlikely to break above 70. At best, 65-70 range if HS does +ve.

Above 62.5, is buy tone.

MarketWrap : another last min push...

Like yesterday, another preclosing push….this time +7p after a very quiet day. Probably the mkt failed move during the day because the retails were quiet while the big boys, which usually do late buying as a strategy, exaggerated the move.

Fkli stayed mostly at the lower ranges of "60-65 positive band" before recapturing the higher end after 4.50pm on you guess it, fbm’s push.

Getting on bears nerves....can relax if 70 remains as a resistance as SMA yet to crosses up.

FKLI : morniing gossip...60-65 ..lower end first

DJ +30

8.30 : DJ futs -13. Regional flat to -0.5%.

Fkli is seen retreating back to 60 first as DJ gains were smaller-than-expected and fear of a gap-down in fbm index. I believe the mkt will maintain yesterday's positive tone - above 7SMA. But cautious if below 65 for a lack of intra-day signal.

Tug-of-war continues but bulls can have equal chance for the firs time in a week. The winner today is....

MarketWrap : ah long again..unexpectedly

Regional reversed early losses and posted strong gains in PM on “Abu Dhabi will provide $10b financing to Dubai” news. Regional +1% to 2%. We up 0.5%.

The impact was not greatly felt here with fbm stuck near 60, unchanged, till preclosing stage. Both mkts were quiet. Then, all last minute rush! – 4.30pm onwards. First, Fkli hit high on buystop at 61. Then, Fbm shot more than 5p in preclosing stage to create day’s high, matching fkli level at 65.

Technically, major improvement- above 7SMA and therefore reducing a breakdown scenario. Don’t expect a strong run yet, as cautious stance remains especially with all the last minute push. And the Q is whether the mkt has upward momentum to really face major resistance lvls. From 50 to 80.

FKLI : morning gossip..60++

DJ +65

8.30 : DJ futs -6. Regional firm , flat, +0.1%, digesting a stronger dollar effect

Fkli push and pull will continue....55-60 or 60-65 depends on fbm. fkli will start near 60 cautious and more upside if fbm breaks above 62. if fbm below 60, fkli will likely to stuck in55-60 range.

US economic data this week....Fed decision on R% ( consensus no chg), housing data ( est +575k unit). both on Wed. As usual, Thu's weekly jobles claims

MarketWrap : slow..below 2000 lot...

Fbm.fkli hardly make any move in the PM session. Record low daily volume. Despite regional positives, buyers continued to stay sidelines, since Monday. Today recouping some losses from the early part of the week The mkts lost about 10p this week.

It does look like bottoming out from 50 but momentum is very weak, technically still negative-bias. Below 50, is fresh trading sell next week. otherwise, expect the mkt consolidate within 50-70. No strong buy signal seen until 7SMA crosses back aobve 30SMA.

FKLI : morning gossip...60++...then 60-65 ?

DJ +70, Us and Europe was 0.5% to 1% higher, "as improved readings on trade deficit and housing market reassure investors about the economic recovery"...CNN


8.30 : DJ futs +17. NK +100. Kos -5.


FKLi is seen near 1260 first, waiting for fbm to open before deciding whther to trade within 55-60 or 60-65. Mostly likely 60-65 as fbm is "expected to reach for 64++ as a first move.

Above 57, is intra day buy

MarketWrap : still very weak...below 60 no buy

Did try to reach higher in early trading but 60 proved strong resistance.

Fbm snapped a 4-day losing streak,..supported at 55 but did not garner enough momentum yet to break 60. Without a very strong external, fkli fared poorly on weak technical outlook…near 50. but crawled back in late trading thanks to the wide discount with fbm.

50 support but still no strong buy signal yet – below 60 plus 7SMA cross below30SMA.

FKLI : morning gossip ..same 55-60

DJ +50 on weaker dollar they said.

8.35: DJ futs +10. Regional flat and looks like a very slow day. Commodities recovery mode in early Asian hours.

FKli is seen firm but no upside surprise unless fbm can break 60 resistance. And given recent fbm coma state....only can pray.

Can opt for long if fbm stays above 55.

FKLi below 58, still a sell mode.

MarketWrap: reversal daily candle..meaningful ?

Fbm clsd at daily low fkli clsd at daily high! Fbm again finished at low after a 3p preclosing dip.

Regional weak. Fbm holding quite well but weak external means no upside momentum. Mkt found support at last week lows but still require bullish external to jump start buying interest. Internally, sentiment is very weak or "when is buyer"

Resistance is lowered to 60 from 70. Fkli’s candlestick is a reversal candle. Seller should watch out, especially if mkt still above 50 tomorrow . Maybe 50 is “the’ support this week and a bounce towards the uptrend line is expected. Fbm candle still very much in favor of bears.

Above 60, no sell. Sell at resistance instead.

fKLi : morning gossip....1255++

DJ -100 investors eyed weak global markets, a rising dollar, falling oil and gold prices, and some disappointing profit news from 3M, McDonald's and Kroger...CNN

8.30 : DJ futs +4. Regional -1% to -1.5%. Selling mode across the board first.

Fkli's 60 support looks history today, turning to 50. Below 60, sell mode. Intra day buy possible is opens to low.

MarketWrap : neutral day but breakdw danger looming...

Quiet day. Negative sentiment continues….fail to distant from support lvl. Fkli remains within yesterday’s lower lvl but avoided any fresh breakdown. Fbm finished at intra-day low following a 4 points dip in the preclosing stage. Therefore, below 30SMA.

Fkli hanging there but the danger of breakdw remains. In fact, fbm gets weaker. Fbm very sluggish for the past 5-day..like missing some usual buyers. Fkli did not respond to fbm preclosing selldown.

Generally, below 70 this week…no need to get into long. Below 55, strong trading sell signal.

FKLI : mornign gossip ...near 60 no direction

DJ flat, gave up early gains, +1.21p.

8.30 DJ futs +18. Regional softer, near 0.5%. Wondering whter fkli will do 55-60 or 60-65 range.
Probably 60-65 if fbm flat or higher. fbm 64-68 means no mkt direction...sell if 64 breaks.

Fkli below 60, a risk of a sharp pullback is great. Upside is seen limited at 65.

MarketWrap: no more ahlong....trading sell

When external factors were bullish like Fri, it failed to ignite buying mode, so mixed external factors today proved fatal for bulls. Fbmklci again struggled at 70 in AM session and succumbed to selling pressure in PM after Europe slide almost 1%.

Technically bearish day. The end of range trading and the beginning of a trading sell mkt, targeting the recent low near 1230++ ? Yes if mkt stay below 1260. Short term long should exit first and wait.....

Below 7SMA is a sell mkt. Below 1255 is another fresh trading sell signal.

FKLI and US data week ahead... 60-80

expecting an upside week, betting that 60 will hold as a support as fbm remains near 70 but slow move...moving in n out of 70 first and buyers will only emerge if fbm breaks above 74.

in the mean time...trial-n-error not much of direction with averages flat. Would love to see 7sma/pink crosses above 14/yellow and 21/blue SMA - bullish sign.

no major US data till the Thu's weekly jobless claims. Highlight is Fri's retail sales data ( est +0.5%)

MarketWrap : flat for the week...ends negative bias

not much today. quiet within expected range. fbm manage to recapture 70 after the Dubai's shock but stagnant thenafter at 70.

fkli ended in negative teritory -red area but still within a neutral band, 50- 80. waiting for the next move, hoefully up, as still ahlong.

MarketWrap : instead 80..near 70 ..blame FBMKLCI

At lost for words looking at the selling in fbm all day long, despite such strong external factors. Against the rest of the mkts, Fbm continued to suffer profit taking at 70s – 2 days in a row. Fbm clsd at 72 due to 4p-push in the preclosing stage - mostly below 70 the day- but fkli bulls already injured by then.

Conflicting signals made fkli stuck in a tight range but ended at lower end on technical selling. No danger of a breakdown yet but could have been better for bulls, near 80. Looking at the chart, its look like the tug-of war will continue for days – SMAs all flat, meaning no direction.

Tomorrow 65-70 or 70-75 ? Surprise me with a big move.

FKLI : morning gossip....70-75

DJ -19 , profit taking.

8.40 : DJ futs +11. Regional off to a strong start NK +1.6%. Kos +1%.

Enough to support our mkt above 70 but not major boost. fkli is seen stuck at a similar range of 70-75. Maybe take above 75 is fbm can break 74.

MarketWrap : ahlong again....1300 coming!

Testing 70 water. Daily candlestick does not look good but the fact is, price is above 7SMA, green area=positive tone. Fbm surprised with a 7p gap-up that led to pullback thereafter causing jitters in fkli. Slow day, feel good factor on commodities related stock but not so much aggressive buying yet. Maybe, taking one step at a time.

Near term support is raised from 30 to 50 while upside potential increases but still within the horizontal line ranges. Generally, above 70 is a buy market.

FKLI : morning gossip...68-75

DJ +126/+1%, Wall Street advances on Dubai debt relief, better-than-expected housing and construction readings, and talk of a GE-Comcast deal. CNN

8.30 : DJ futs -7. NK +0.35 Kos +1%

Fkli will have a chance to break 70. It looks like a trading buy from start but stuggle near 73-75 is expected with fbm playing catching up. Obejective is to stay above 70.

Above 68, is trading buy.

MarketWrap : strong bounce..more upside seen

Regional N Europe strong on 1st day of Dec as banks rebound from ‘Dubai shock”. As usual, strong commodities also helped lift sentiment.

Market here mostly rebound mode trying to reverse Mon’s negative. Succeeded. Above 30SMA, reducing a pullback risk towards 30++ for another day while waiting for more +ve to push it back to a technically +ve area.- green area

For trading cautious remains, below 7SMA or 1270 but looks bottoming out if crosses above 7SMA, targeting the upper range of 60-90 band. Get ready to enter long again. Based on SMAs, the climb will be a slow one this week, until SMA crosses up.

BMD : monthly data

At a glance : Market perfomance in Nov09

Nov09 best and worst- 14 is the lucky number


2009 best and worst

US/Europe mthly % chg in 2009

Commodities mthly %chg in 2009